The Al Buraimi Industrial City in Muscat has seen a significant increase in investments, with a total volume of over OMR19 million by the end of the first half of 2024. The overall investment in the city has reached OMR277 million, showcasing the growing interest in the industrial sector in the region. With a workforce of 1674 employees, the city has an Omanisation rate of 22 per cent, showing efforts to prioritize local employment.
Said Abdullah Al Balushi, the Director General of Al Buraimi Industrial City, has noted the growth in projects, investments, and leased spaces in the region. The number of projects has increased to 362 by the first half of 2024, with 115 third party projects, bringing the total to 477 projects. The total leased spaces amount to 1,879,101 square meters, indicating a thriving industrial environment in the city.
During the first half of 2024, 15 projects were localized in the city, covering a total area of 87,000 square meters. This diversity in localization includes industrial, commercial, and service sectors, showcasing the city’s ability to attract a wide range of businesses. With an impressive occupancy rate of 39 percent, Al Balushi highlighted the positive growth and development in Al Buraimi Industrial City.
The growth in investments and projects in Al Buraimi Industrial City is a reflection of the increasing interest in the region’s industrial sector. The city’s strategic location and favorable business environment have attracted a diverse range of projects, contributing to its overall growth and development. With a growing workforce and localization efforts, Al Buraimi Industrial City is set to continue its path towards becoming a key player in Muscat’s industrial landscape.
The Omanisation rate of 22 per cent in Al Buraimi Industrial City indicates efforts to prioritize local employment and skill development in the region. By supporting local talent and encouraging businesses to invest in local workforce, the city is contributing to the growth of the Omani economy and creating opportunities for local residents. This focus on Omanisation is essential for sustainable growth and development in the industrial sector.
With the number of projects and investments increasing, Al Buraimi Industrial City is poised for further expansion and development in the coming years. The city’s success in attracting a diverse range of projects and businesses highlights its potential as a key hub for industrial activities in Muscat. With a continued focus on growth, localization, and Omanisation, the city is well positioned to drive economic development and contribute to the overall progress of the region.
